Soft Market Testing of Former Spa Hotel Site, The Esplanade, Shanklin, Isle of Wight, PO37 6BG

Description

The Isle of Wight Council (IWC) invites parties to review the development opportunity and submit Expressions of Interest in relation to the delivery of all or part of a scheme for the site. It is important to note that this is not an offer for sale or invitation to tender, it is strictly an Expressions of Interest exercise to capture market interest via a Prior Information Notice (PIN). Any further decision on development strategy will be subject to the rules associated with a formal procurement process or marketing method. The Isle of Wight Council own this prominent seafront site of historic importance which is identified as suitable for redevelopment, and a strategic opportunity to advance the regeneration of the Sandown Bay area. Expressions of Interest are invited from potential buyers or development partners to deliver a high quality, mixed use development of architectural merit which will enhance the character of the Esplanade.